I am applying the KISS principle to today’s Falkirk
Property Blog – a really simple buy to let opportunity .... all you need to do
it buy the property, ensure it is buy to let complaint, market it and it will
be let in a few days as it is the type of property that is in high demand and
it is in a very popular area.
It is a 2 bed flat in Towers Court, Falkirk. Towers Court
is off Grahams Road so it’s within walking distance of the Town Centre and the
station, perfect for your trendy folk (writes the old grump!).
This apartment has good accommodation being a lounge with
a kitchen off it, two good sized (for modern flats) double bedrooms and a
bathroom with a shower over the bath.
There is a small front garden and residents’ parking.
The property has been recently refurbished – new kitchen,
new bathroom, re-decorated and re-carpated throughout so it looks like it is in
lettable condition subject to checking the safety stuff.
Turning to the financials.
The asking price for this property, which is on the
market with Clyde Properties is offers over £72,000 so let’s say it goes for £80,000.
Based on our recent experience of renting this type of
property in this area, a rent of £450 pcm should be achievable on this
property.
So that gets you to a yield of 6.8%.
We hope you find our posts useful. If you would like some advice with your
potential investment, pop into my office at 6 Vicar Street, Falkirk for a chat
– the kettle is always – or call me on 01323 469840 or email me on news@thekeyplace.co.uk.
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